I’m worried because I might miss the tax filing deadline this year due to personal issues. What actually happens if I file my taxes late—are there big penalties or can I just file whenever I’m ready?
Answer by: abdullah-al-naim
1 month ago
Here’s the deal—filing late can cost you. Even if you owe no taxes, the IRS can still impose penalties just for not filing on time. Think of it as avoiding a parking ticket even when you’re parked for free. And yes, they remember, so it’s better to stay on schedule.
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